H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THS FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) June 2, 19U9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 1 member bank reserve balances increased $1+9f000,000. Additions to member bank reserves resulted from increases of 197,000,000 in Reserve Bank credit, $3,000,000 in gold stock, and $+,000,000 in Treasury currency, and decreases of $1+6,000,000 in Treasury deposits with Federal Reserve Banks and $571000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $11+8,000,000 in money in circu lation and $9,000,000 in Treasury cash. Excess reserves of member banks on June 1 vrere estimated to be approximately $800,000,000. Holdings of loans, discounts and advances decreased $13,000,000, while holdings of United States Government securities increased $76,000,000. The increase in holdings of United States Government securities reflects increases of $107,000,000 in certificates, $66,000,000 in bills, and a decrease of $97,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended June 1, 191+9 were as follows: Increase or decrease since June 1, May 25, June 2, 19J49 19l49 19J+8 (in miL llions of dollars) U. S. Government securities 19,767 + 76 - 916 Loans, discounts and advances 159 - 13 - 81 Other Reserve Bank credit 219 + 3)4 Total Reserve Bank credit 20,11+5 + 97 -1.1U7 Gold stock + 3 + 999 Treasury currency U.595 + k + 33 Member bank reserve balances 18,076 + 18 + 982 Money in circulation 27,515 +li)8 - 380 Treasury cash 1,321 + 9 - Ik Treasury deposits with P. R. Banks 622 - 1+6 - 91+5 Nonmember deposits and other F. R. accounts 1,5148 - 57 • 2k3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.li.lfa) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease sinoe June 1, May 25, June 2, 191+9 191+9 19lff A S S E TS Gold certificates 22,52l+,l+31 - 5,000 +1 ,069,261 Redemption fund for F« R* notes 591,698 + l+,560 29,026 -—ms Total gold certificate reserves 23, U6,1^9 "+1. Oi+0,235 Other cash 250,068 - 26,798 + l+,823 Discounts and advances 158,800 - 12,390 80,656 Industrial loans 289 619 8 TJ« S# Govt* securitiest Bills 1+,279,135 + 65,500 -3,993,956 Certificates 6,855,100 +107,300 +2,585,593 Notes 359,100 -1,598,700 Bonds 8,273,600 - 97,000 +2,090,811+ Total U» S« Government securities 19,766,935 + 75,800 - 916,21+9 Total loans and securities 19,926,35*+ + 63,i+02 997,194 Due from foreign banks 1+9 F* R» notes of other banks 90,81+5 - 8,062 4,291 Uncollected items 2,31+0,063 + 27,180 300,655 Bank premises 32,389 - • 1+8 179 Other assets 176,262 - 5,618 + 6,457 TOTAL ASSETS 1+5,932,159 + 1+9,616 - 250,804 L I A B I L I T I ES Federal Reserve notes 23,355,966 +115,01+6 - 385,484 Deposits: Member bank-reserve account 18,076,031+ + 1+9,361+ + 981,650 U»S•Treasurer-general account 622,339 - 1+5,189 945,000 Foreign 1+53,018 - 29,591 + 110,798 Other 1+58.189 - 37,169 + 46,327 Total deposits 19,609,580 193,775 - 62,585 Deferred availability items 2,121,138 151,554 - 6,687 Other liabilities including accrued dividends 12,659 219 4,160 TOTAL LIABILITIES 45,099,343 + 45,555 ~ 31+7,1*23 C A P I T AL A C C O U N TS Capital paid in 20i+,l+92 + 31 + 6,266 Surplus (Section 7) 1+66,711 + 18,522 Surplus (Section l^b) 27,51+3 Other capital accounts l3l+,070 + i+,030 + 71,831 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,932,159 + it9,6l6 250,B02+ Ratio of gold certificate reserves to deposit and F. R» note liabilities combined 53.Q% .1% 2.605 Contingent liability on acceptances purchased for foreign correspondents 5,208 - 557 1,917 Commitments to make industrial loans 2,375 + 2 4,228 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i+.l(b) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BiMKS ON JUNE 1, 191+9 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve» Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas SanFran, Gold certificates 22,52l+,!+3l 777,651 7,175»5l+l lll+5,1+25 1608,595 1017,705 1012,756 1+354,961+ 679,698 1+45.581+ 815,809 610,1+1+1 2886,1+81+ Redemption fund for F. R. notes 591,698 52,015 51,1+58 56,812 72,821 51,265 1+2,1+96 91,719 44,01+0 22,765 35,572 26,091 JL+1+,661+ Total gold certificate reserves 23,116,129 829,666 7,22l+,979 1200,237 l68I,2ll+ 1068,970 1055,252 1+446,683 723.738 1+68,3^9 81+9,381 636,532 2931,148 Other cash 250,068 21+.1+79 50,835 10,941 23,525 18,1+62 19,901 34,510 13,512 7,052 9,1+61+ 8,540 29,067 Discounts and advances 158,800 12,229 35,919 ll+,l68 17,1+14 12,722 10,902 21,029 6,189 3,740 12,66l 3,1+25 8,1+02 Industrial loans 6l9 —- 578 — 1+1 — -— -— U. S. Govt, securities: Bills 1+,279,135 295,209 l,0ll+,112 291,1+86 394,669 274,708 229,1+17 638,520 231,255 138,528 206,973 185,091+ 379,166 Certificates 6,655,100 i+72,919 l,62l+,591 i+66,956 632,255 1+1+0,077 567,525 1022,897 370,1x63 221,921 351,56? 296,517 607,1+16 Notes 359,100 2l+,774 85,105 2l+,l+6l 55,120 25,053 19,252 53,531+ 19,407 11,625 17,369 15,535 51,819 Bonds 8,275,600 570,779 1,960,760 565,581 765,082 551,140 1+1+5,575 1254,562 1+1+7,122 267,61+1 1+00,178 557,375 753,107 Total U.S.Government securities 19,766,935 1365,681 l+,68l+,566 131+6,1+81+ 1325,121+ 1268,978 1059,765 291+9,565 1068,21+5 639,915 956,087 855,019 1751,508 Total loans and securities 19,926,354 1375,910 1+.72Q.1+85 1361,250 181+0,558 1281,71+1 1070,667 2970,592 l07l+,l+54 61+3,655 968,71+8 858,1+1+1+ 1759,910 Due from foreign banks k9 3 l / l6 1+ 1+ 2 2 7 2 1 2 2 1+ F.R.notes of other banks 90,81+5 5»8o6 10,152 5,597 6,811 17,056 8,030 ll+,026 5,356 3,116 1+.159 3,206 11,570 Uncollected items 2,340,065 201,003 1+50,860 162,1+1+9 225,530 197,975 154,325 344,262 127,754 62,51+0 118,625 115,711 179,029 Bank premises 52,589 1,162 7,995 5,025 4,796 2,520 l,5i+9 5,182 1,922 1,161+ 2,551 759 1,981+ Other assets 176,262 12,152 1+0,956 11,763 16,561+ 11,1+01 9,1+71 26,1+69 10,056 5.600 8,552 7,795 15.703 TOTAL ASSETS 1+5,952,159 21+1+8,181 12,506,258 2755,21+6 5798,982 2598,107 2519,177 7859,751 1956,554 1191,1+57 1961,082 1650,969 1+928,1+15 1/ After deducting $55,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

aii.i(c) STATEMENT OF COM) IT I ON OF THE FEDERAL RESERVE BANKS ON JUNE 1, I9U9 (In thousands of dollars) L I AB I L I T I ES Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St, Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,355,966 1383,815 5,350,871; 1615,219 2088,669 15143,038 1288,851; 4487,645 1082,2148 611,861 915,460 596,836 2391,447 Deposits: Member bank-reserve acct, 18,076,034 752,536 5,861;, 611; 847,096 1325,101 755,372 789,775 2793,696 645,496 451.840 844,045 841,602 2164,861 U.S.Treasurer-general acct. 622,339 4o,834 103,839 37,890 58,885 44,468 33,695 78,542 5i 873- 39.891 38,151 35,233 59,038 4 Foreign 453,018 29,547 1/132,182 37,520 43,148 22,981 19,229 64, 722 16,881; 11,725 16,681; 16,U5 41,781 °ther 458,189 2,607 392,770 1,338 5,059 2,769 1,747 2,484 5.U02 1,247 6,949 428 35,389 Total deposits 19,609,580 825,524 6,493,405 923,844 1432,193 825,590 844,446 2939,444 719,655 50li,703 906,029 893,678 2301,069 Deferred availability items 2,121,138 184,736 409,500 147,470 200,008 185,119 1148,728 296,1419 121,445 52,ol45 106,765 108,752 160,151 Other liabilities including accrued dividends 12,659 837 3,311; 769 1,517 611 561 1,931; 525 378 511; 668 1,031 TOTAL LIABILITIES 45,099,343 23914,912 12,257,093 2637,302 3722,387 2554,358 2282,589 7725.1*42 1923,873 1168,937 1928,768 1599,934 4853,698 Capital paid in 20li,li92 11,474 69,707 14,880 19,227 8,915 8,070 25,853 6,767 4,54o 7,203 8,207 19,649 Surplus (Section 7) 1466,711 29,347 143,019 36,704 43,968 22,1417 20,028 68,842 17,974 11,797 17,008 14,954 40,653 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,1429 521 1,073 1,137 1,307 2,1140 Other capital accounts 134,070 9,457 29,120 9,871 12,394 9,068 7,728 18,165 7,419 5,060 6,966 6,567 12,275 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,932,159 2^48,181 12,506,258 2753,246 3798,982 2598,107 2319,177 7839,731 1956,554 1191*457 1961,082 1630,969 4928,415 Contingent liability on acceptances purchased for foreign correspondents 5,208 328 2/ 1,646 417 479 255 214 719 187 130 187 182 464 Commitments to make industrial loans 2 375 60 — 108 1,788 94 229 9 ~ — — — 87 F.R. notes outstanding 24,022,644 11425,810 5,486,134 1662,404 2154,560 1594,771 1331,994 4562,922 1116,163 626,019 936,859 626,083 2498,925 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,554,000 440,000 4,570,ooo* 550,000 900,000 625,000 575,000 2805,000 315,000 210,000 280,000 184,000 2100,000 Eligible paper " £1*715 6,710 8,037 5,560 — 7,930 — -- 2,315 1,050 9,507 606 U.S.Govt, securities 11,625,000 1100,000 1,000,000 1200,000 1300,000 102 5,000 850,000 1800,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 9I days to 6~months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 158,800 69,549 66,,4l;551l 22,,990077 7799,, 5$9999 490 4 Industrial loans 619 548 — 44 4 7 16 U.S. Govt, securities 1,652,000 6,379,600 19,766,935 1,421,255 3,469,016 994,329 1,004,535 1,846,200 3,000,000 l/ After deducting $320,796,000 participations of other Federal Reserve Banks 2/ After deducting $3,562,000 participations of other Federal Reserve B nks a Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis